- Great Thunder Gold Corp. (GTG) has entered into an option agreement to acquire the Rodgers Cove claim group in Newfoundland
- Grab samples at Rogers Cove have confirmed the presence of gold and silver at the property
- Great Thunder has the option to acquire a 100 per cent interest in the property by paying a combination of cash and shares
- Great Thunder Gold is a Canadian junior mining exploration company focused on mineral projects in Quebec and Newfoundland
- Great Thunder Gold Corp. (GTG) is up 11.36 per cent, trading at $0.49 per share
Great Thunder Gold Corp. (GTG) has entered into an option agreement to acquire the Rodgers Cove claim group in Newfoundland.
Rogers Cove is comprised of 147 claims totalling 3,675 hectares and is located 45 kilometres north of Gander, Newfoundland.
Recently discovered mineralization on the property was reported in significant new gold-silver assays associated with high levels of bismuth (Bi), copper (Cu), and antimony (Sb).
Grab samples at Rogers Cove have confirmed the presence of gold and silver, returning up to 11.933 g/t gold and 21 g/t silver, among other types of mineralization.
The property is 40 kilometres northeast of the Keats Zone, which is currently undergoing a 200,000-metre drill program by New Found Gold where recent drill results identified 146.2 g/t gold over 25.6 metres.
Under the terms of the agreement, Great Thunder has the option to acquire a 100 per cent interest in the property by paying a combination of cash and shares, in addition to incurring $250,000 of exploration expenses within two years.
Blair Naughty, CEO of Great Thunder, commented,
“We are excited to acquire additional ground in the central Newfoundland gold belt. The recent discovery of high-grade gold mineralization within a prominent structural corridor on the property bodes well for continued success through our exploration programs.”
Great Thunder Gold is a Canadian junior mining exploration company focused on mineral projects in Quebec and Newfoundland.
Great Thunder Gold Corp. (GTG) is up 11.36 per cent, trading at $0.49 per share as of 12:08 pm ET.
